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Glencore showing strong W and ready to break up and out to R136Glencore showing a potential W Formation. We need the price to break above the neckline before we get further traction up. Other indicators show strong upside to come including... 7>21 - Bullish price >200 - Bullish RSI>50 HIgher lows. Target 1 for the resource company is at R136.20 ABOUT THE COMPANY Founding: Glencore was founded in 1974 by Marc Rich, a controversial financier and commodities trader. Name Origin: The name Glencore was derived from the words "Global Energy Commodities Resources". It was chosen when the company was taken public in 1994 after Marc Rich sold his stake. Commodities Trading: Glencore is one of the world's largest globally diversified natural resource companies. It's a major player in the production and marketing of over 60 commodities. Glencore operates in over 35 countries and employs approximately 145,000 people. Initial Public Offering (IPO): Glencore went public in 2011 on both the London and Hong Kong Stock Exchanges. IN 2013, it listed on the Johannesburg Stock Exchange (JSE) under the ticker "GLN". Xstrata Merger: In 2013, Glencore completed a merger with Xstrata, a major global mining company, in a deal worth approximately $30 billion.
JSE:GLNLong
by Timonrosso
UPDATE Nedbank heading nicely up to R238.56UPDATE from last time. I thought we would get a bit of a pull back before the upside push, but I was mistaken. Regardless, the price was expected to move up and up it is going. This W Formation that formed and broke out gave a decent Risk to reward 1:2. And At this point where the R:R =1 it's even safe to bank half profits and move stop loss to breakeven. 7>21 RSI>50 Target remains at R238.56 ABOUT THE COMPANY ~ Nedbank Group Limited, commonly known as Nedbank, is one of the largest banking groups in South Africa. (Part of the Big Five!) ~ The company was established in 1888 and is headquartered in Johannesburg, South Africa. ~ Nedbank is a subsidiary of Old Mutual Limited, a financial services conglomerate. ~ The bank operates in various segments, including Retail and Business Banking, Corporate and Investment Banking, and Wealth Management. ~ Nedbank offers a wide range of financial products and services, including personal and business banking, loans, mortgages, investments, insurance, and asset management. ~ The company has a significant presence in South Africa, with a network of branches and ATMs across the country. ~ Nedbank has also expanded its operations internationally and has representative offices in several African countries, as well as operations in other regions such as the United Kingdom. HOW NEDBANK GOT ITS NAME Nedbank's name is derived from its historical roots. When the bank was established in 1888, it was originally known as the Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika (Dutch Bank and Credit Union for South Africa). Over time, the name was shortened to Nederlandsche Bank voor Zuid-Afrika (Dutch Bank for South Africa) and eventually to Nedbank. The name "Nedbank" reflects the bank's Dutch heritage and its focus on providing banking services in South Africa.
JSE:NEDLong
by Timonrosso
TFG could take some time but heading to R120.00 interesting factInv H&S has formed on The Foschini Group. It's potential and there are two scenarios. One the price just rallies with the rest of the JSE Retailers and goes to R120. Or two, it could hit the top of the downtrend, consolidate align and then break up and out of it once there are strong buying troops and demand. Either way, the signs are good for upside since it broke out of its one year downtrend channel. 7>21 Price<200 RSI>50 Target R120.00 ABOUT TFG ~ The Foschini Group (TFG) is a prominent South African retail company with headquarters in Cape Town. ~ TFG was founded in 1925 and has since grown to become one of the largest retail groups in South Africa. ~ The company operates a diverse portfolio of retail brands, including Foschini, Markham, Totalsports, @home, Exact, and more. ~ Markham is a leading men's fashion brand known for its contemporary clothing, footwear, and grooming products. ~ Totalsports focuses on sports apparel, footwear, and equipment, catering to various sporting disciplines. ~ @home is a home and furniture brand offering stylish and modern homeware, furniture, and decor items. ~ TFG has a significant presence not only in South Africa but also in various African countries such as Botswana, Namibia, Lesotho, and Zambia. HOW IT GOT ITS NAME The Foschini Group (TFG) got its name from its founder, Benjamin Foschini. He was a Jewish immigrant who established the company in 1925 as a small store in Cape Town, South Africa.
JSE:TFGLong
by Timonrosso
Mr Price 15 Month Channel - continues but heading up to R153.25Mr Price has been in a lingering downtrend channel since March 2022. It's been a trading haven for range bounded traders who look for this kind of activity. However for a breakout trader, it's been a waiting game. So best we buy at the bottom of the range sell at the top and repeat. Right now the price is heading back to R153.25. If we get a breakout, we'll buy more. If it turns down, I'll send out the next signal. Let's wait and see! ~ Mr Price Group Ltd. was established in 1985 and is headquartered in Durban, South Africa. ~ The company operates various retail brands, including Mr Price, Mr Price Sport, Mr Price Home, Miladys, Sheet Street, and Power Fashion. ~ Mr Price primarily targets the value-conscious consumer market by offering trendy and affordable fashion and lifestyle products. ~ The company started as a small store called "Mr Price" in Durban and gradually expanded its operations to become a prominent retail group in South Africa. ~ The name "Mr Price" was chosen to represent the company's focus on providing good value for money and affordable prices to its customers. ~ The company has also expanded internationally and operates stores in other African countries, including Namibia, Botswana, Lesotho, Eswatini, and Ghana. CHANGE IN NAME Over time, the company has rebranded its stores to display the name "MRP" instead of "Mr Price." They did this to appeal to a wider customer base. Despite the change in store branding, the company's official name remains Mr Price Group Ltd.
JSE:MRPLong
by Timonrosso
I hope I'm wrong with Spar going to R52.78There is an Inv C&H that's formed on the monthly chart with Spar. It's been coming down since April 2016 where it just couldn't break above R225.00. Since then we've seen supply (selling) strong than buying. And now with the price breaking below the Inv C&H, shows downside to come. I hope I'm wrong with this one and they do something miraculous to pick up the price. 21>7 Price<200 Target R52.78 ABOUT THE COMPANY ~ The SPAR Group is a leading South African retail chain that operates in the grocery and convenience store sector. ~ SPAR Group South Africa is part of the international SPAR Group, which originated in the Netherlands in 1932 and has since grown into a global network of independent retailers. (There is even Spars in Greece - SPAR HEllas) In South Africa, SPAR operates under various store formats, including SPAR, SUPERSPAR, TOPS at SPAR, and SPAR Express. Each format caters to different customer needs and market segments. SPAR Group South Africa has a strong presence nationwide, with stores located in urban areas, townships, and rural regions. HOW IT GOT ITS NAME "SPAR" originated from the initials of the founding Dutch company's slogan, which was "Door Eendrachtig Samenwerken Profiteren Allen Regelmatig" (English translation: "Through united cooperation, everyone regularly benefits"). The first letters of each word spell out "SPAR."
JSE:SPPShort
by Timonrosso
Pep broken above the 8 month downtrend Target R20.10Price has finally broken above the Downtrend since November 2022. Also the price formed a Scallop formation, which has broken up and out of. Momentum is pointing up. Other indicators confirm. 7>21 RSI>50 Target R20.10 ABOUT THE COMPANY ~ JSEPPH Pepkor Holdings is a South African-based investment holding company that operates in the retail sector. ~ Pepkor Holdings (went public as PPH in 2017) was founded in 1965 by Jan Hettema as a single clothing store in Cape Town, South Africa. ~ The name "Pep" was derived from the first initials of Jan Hettema's three sons, who were named "P"atrick, "E"dward, and "P"eter. ~ The company has a diverse portfolio of retail brands, including Pep Stores, Ackermans, Incredible Connection, JD Group, and Tekkie Town, among others. ~ Pepkor Holdings has a significant presence not only in South Africa but also in other African countries, including Namibia, Botswana, Zambia, and Lesotho. ~ In addition to its African operations, Pepkor Holdings has expanded internationally and operates stores in Poland, Australia, and the United Kingdom. ~ The company focuses on value retailing, offering affordable products across various categories such as clothing, footwear, homeware, electronics, and more. ~ Steinhoff International Holdings, a global retail conglomerate, is a major shareholder of Pepkor Holdings.
JSE:PPHLong
by Timonrosso
Hulamin Asc Triangle and Bearish FVG showing up signs to R5.40Ascending Triangle has formed since 13 June 2022 on Hulamin. There are higher lows and same highs. This means, momentum is pushing on up. Other indicators include: 7>21 >200 RSI<50 - Higher lows Target R3.59 and then R5.40 SMART MONEY CONCEPTS: Now with Smart Money Concepts, we have something interesting. A LARGE Bearish FVG (Fair Value Gap) has formed on the weekly chart. What is a Bearish FVG? A 3 candle structure with a down impulse candle that indicates and creates an imbalance or an inefficiency in the market. Between candle 1 and 3, do NOT show common prices. The price needs to move back up to rebalance and fill the gap. During this process, it will rebalance and head on up to R3.59. Also the resistance will be broken, which will give way for the price to move to the next target of R5.40.
JSE:HLMLong
by Timonrosso
NEWWAVESLV Inv H and S showing strong upside to R5.54Inv H and S has formed on the NEWWAVESLV. And the price has recently broken above the neckline. We can expect a retest to the support (which was resistance) before the next move up. Other indicators show upside to come including: 7>21>200 RSI>50 My first target is to R5.54 - Bullish Biased ABOUT THE NEW WAVE SLV ETN The NewWave Silver ETN is issued by Absa Bank Limited. ETNs such as this one are unsecured debt securities that promise to pay the return of a specific index, minus investor fees. NewWave Silver ETN aims to provide investment results that closely correspond to the performance of the silver price in dollars. This ETN is designed to track the price of silver and provides a way for investors to gain exposure to the silver market without having to physically own the metal. The ETN is subject to the credit risk of Absa Bank. In other words, if Absa Bank were to default or become insolvent, investors may lose some or all of their investment. Unlike exchange-traded funds (ETFs), ETNs like NewWave Silver don't actually own any underlying assets. Instead, they're backed by the issuer – in this case, Absa Bank. The silver price is influenced by several factors including supply and demand dynamics, market sentiment, the strength of the U.S. dollar, and economic and geopolitical events.
NLong
by Timonrosso
1
JSEAIL Showing upside to come in the last two years to R11.00Box Formation has occured with JSEAIL. Technically, this looks like one of those bullish Penny Stocks that is nearly ready to rocket. There are higher lows forming, strong flagpole and we are seeing other indicators showing upside including. Price >200 RSI>50 Target R8.00 right to the top of Box formation. Target 2 - R11.00 - If the price breaks up and out of the pattern. It's one of those great Penny Stocks technically to just hold and leave alone with risk management principles in place. ABOUT THE COMPANY African Rainbow Capital Investments Ltd (ARC Investments) is a capital raising and investment entity incorporated in Mauritius. ARC Investments was founded by Patrice Motsepe, a South African billionaire businessman. The company is part of African Rainbow Capital (ARC), a larger investment holding company also founded by Motsepe. ARC Investments focuses on the South African and broader African economic market, with a specific focus on sectors such as financial services, telecommunications, mining, and agriculture. The company's investment strategy is driven by its commitment to black economic empowerment and inclusive growth in South Africa. ARC Investments looks for opportunities to achieve long-term capital appreciation, income generation and benefits from business synergies and strategic partnerships. ARC's financial services investments include interests in the life insurance, healthcare, asset management, specialist risk and short-term insurance industries. The company also invests in property, diversified investments, and telecoms (Rain), among others. African Rainbow Capital owns a controlling stake in TymeBank, a South African digital bank.
JSE:AILLong
by Timonrosso
MTN Rev Cup and Handle on Daily showing strong upside to come Rev C&H has formed on MTN. The price has broken above the brim level and also it's broken above the downtrend since 11 March 2022. So this looks good for upside. However there is a warning. 7>21 RSI>50 Target R165.39 WARNING: I never ever get MTN right in all my 20 years of trading the JSE, so take this with a pinch of salt. MTN is on my S&^t list and yet, I try do an analysis every few months. Has a mind and personality alone.
JSE:MTNLong
by Timonrosso
3
UPDATE Old Mutual Falling Wedge breakout and looking sassy!Falling Wedge formed on Old Mutual, and since the breakout it's been rallying. It's looking great for the upside, we suggested a few days ago. 7>21>200 RSI>50 Target remains at R12.61 above the top of the Falling Wedge. I'll let you know. ABOUT THE COMPANY Historic Foundation: Old Mutual plc was originally established in 1845. It started in Cape Town, South Africa, as the Mutual Life Assurance Society of the Cape of Good Hope. It was the first mutual life assurance company in the country. Geographical Presence: Old Mutual has expanded significantly since its founding, becoming a prominent financial services group in several countries around the world. It has a particularly strong presence in Africa, including South Africa, Namibia, Zimbabwe, Kenya, Nigeria, and other countries. Split and Restructuring: In 2018, Old Mutual undertook a "Managed Separation" process where the company was split into four separate entities: Old Mutual Limited, Quilter plc, Nedbank Group Limited, and Old Mutual & Nedbank Insurance Holdings Limited. The purpose was to simplify its structure and unlock shareholder value. Services Offered: Old Mutual offers a wide range of financial products and services including life and general insurance, asset management, banking, and other wealth management solutions.
JSE:OMULong
by Timonrosso
Truworths settings itself for great upside to R69.45Inverse Head and Shoulders has formed with Truworths. This is definitely not ripe for the picking if we're waiting for this formation to form. It might even form into something completely different. But here is my take on it. The signs are slowly becoming bullish and things are looking good. 7>21 Price<200 RSI>50 Target R69.45 The rand though however needs to find stability and South Africa really needs to clean their act up especially the government. I do have hope. I have faith and I am optimistic. Because SA remains the most beautiful country, with strong possibilities, opportunities and the friendliest people imaginable. Ok rant over... Luckily we have time for this one to flourish and bloom. ABOUT THE COMPANY Truworths International Limited, was founded in 1917 in Cape Town, South Africa. Truworths operates a portfolio of fashion brands, including Truworths, Identity, Uzzi, LTD, and Earthaddict, catering to different market segments and consumer preferences. The company primarily focuses on offering clothing, shoes, and accessories for men, women, and children. It covers a wide range of styles, from casual wear to formal attire. Truworths has a significant presence in South Africa and operates over 700 retail stores across the country. It has also expanded its footprint to other African countries, including Namibia, Botswana, Eswatini, and Zimbabwe. The company is listed on the Johannesburg Stock Exchange (JSE) and forms part of the JSE Top 40 Index, which comprises the largest publicly traded companies in South Africa. ABOUT THE NAME The company was established in 1917 by a partnership between Jack Lewin and his son, Isaac Lewin. Initially, the business was known as "The Alliance Trading Company." However, in 1934, the name was changed to "Trueworths" to better reflect its commitment to providing quality merchandise at affordable prices. The name "Trueworths" was chosen to convey the idea that customers would find true value and worth in the products offered by the company. The change in name also coincided with a strategic shift in the business, focusing more on clothing and fashion retail rather than general merchandise. Over time, as the company grew and expanded, the name "Trueworths" evolved to "Truworths," which is the current name of the company. The name change to "Truworths" is believed to have occurred in the 1970s to modernize the brand and align with changing consumer preferences.
JSE:TRULong
by Timonrosso
Anglo Plat showing strong upside with inv C7&H to R1,500Inverse C&H has formed on AMS over the last month and a bit. This has been the consolidation range as the downtrend seems to be coming to an end. We are seeing signs that the price is nearly ready to break up and out of the pattern. 7>21 Price<200 - But the price need to go back up as it acts as an elastic. RSI >50 Target R1,500 SMC Sell Side LIquidity Order block has formed below the handle of the cup Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. Bullish Bias
JSE:AMSLong
by Timonrosso
Sanlam broken out of Falling Wedge target to R63.69Falling Wedge formed since 1 Feb 2023. Only yesterday, we had the confirmed breakout showing strong buying and demand. Price>200 Bullish RSI >50 Target R63.69 SMC Below the Wedge we have Sell Side Liquidity Order block. Where Smart money is buying where retail were selling. This gives a strong signal that high buying volume was trumping selling. Very bullish for the stock. ABOUT THE COMPANY Early Roots: Sanlam was founded in 1918, originally as a life insurance company named The South African National Life Assurance Company. Public Company: In 1998, Sanlam demutualised, changing its status from a mutual life insurance company owned by its policyholders to a public company listed on the Johannesburg and Namibian Stock Exchanges. Wide Range of Services: Sanlam provides financial solutions in a broad range of areas, including insurance (life and general), financial planning, retirement annuities, trusts, wills, short-term insurance, asset management, risk management, and capital market activities. Global Presence: Sanlam operates across 33 countries. It has a particularly strong presence in Africa, where it operates in many of the continent's major markets. Five Business Clusters: Sanlam's operations are organised into five business clusters: Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam Corporate, and Santam. Santam Subsidiary: Sanlam owns a majority stake in Santam, which is South Africa's largest short-term insurer.
JSE:SLMLong
by Timonrosso
Aspen Wedge Breakout looks promising to R194.76Falling Wedge has formed on Aspen. The price has broken out and looks like it's set to rally. A conservative trader could wait for a retest, or an impulse trader could trigger it now. 7>21>200 -Bullish RSI >50 Target - R194.76 SMC: Sell Side LIquidity Smart Money buys into positions (and sweeps liquidity) from traders who are long (get stopped) and for short traders who enter into their trades. ABOUT THE COMPANY Aspen Pharmacare is a leading global pharmaceutical company with a deep footprint in both emerging and developed markets. Founded in South Africa: Aspen Pharmacare was founded in 1850 in South Africa, starting as a single pharmacy in Durban. Global Presence: Aspen has a strong international presence, with operations in about 56 countries across six continents. Product Range: The company’s primary business is in the provision of branded and generic pharmaceutical products, as well as infant nutritionals and consumer healthcare products. Leadership: The company was co-founded by South African businessman Stephen Saad, who remains the CEO. Significant Player in ARVs: Aspen is one of the world's largest suppliers of antiretroviral (ARV) drugs for treating HIV/AIDS, contributing to the global fight against the disease. Manufacturing Prowess: Aspen owns and operates 23 manufacturing facilities across 15 sites, demonstrating its vast manufacturing capabilities.
JSE:APNLong
by Timonrosso